Benefits of Using QuickBooks Online Instead of QuickBooks Desktop

Working on QuickBooks Online is much easier as compared to its counterpart.

If not, then it’s time to make the change and switch from QuickBooks Desktop to QuickBooks Online. With powerful features and unlimited benefits, QuickBooks Online allows you to run your business the way you want.

What is the Reason for Switch from QuickBooks Desktop to QuickBooks Online

From the ability to quickly access the software to create reports and process invoices, everything in QuickBooks Online is bigger and better. So should you switch to cloud accounting? Of course! Here are seven convincing reasons to help you make up your mind.

It’s Cost-Effective

QuickBooks Online accounting software is a subscription-based service that’s available for as low as $21 per month. You can access it from any device – computer, tablet, or mobile. The service is also available for a free 30-day trial period. The traditional QuickBooks Desktop software, on the other hand, has a high one-time fee. It can be accessed only from one computer and does not offer a free trial version.

It’s Easy to Use

Working on QuickBooks Online is much easier as compared to its counterpart. Since most of the components are signposted in the software, using QuickBooks Online you don’t require any prior accounting knowledge and you can get going straight away.

It increases your productivity

The biggest benefit of QuickBooks Online over QuickBooks Desktop is its ability to be accessed from anywhere and from any device. Due to this, it automates various accounting functions for you. Like, you can automatically download bank and credit card transactions in QuickBooks. As well as send invoices, reconcile accounts, run payroll, track business transactions, and stay in touch with your team.

It Saves Time

QuickBooks Online automatically uploads your data from your sales transactions, thus reducing the time required for manual data entry.  With QuickBooks Online you don’t have to transfer files back and forth. Your online data can be easily accessed by multiple users in different locations at the same time.

 It Provides Hassle-Free Security

Multi-factor authentication and data encryption keep all your financial information secure. All your transactions and reports are automatically backed up in the cloud, relieving you of the stress of losing your data or creating backup copies now and then. QuickBooks Desktop data is not automatically backed up and requires manual intervention.

It offers Automatic Access to the Latest Version of QuickBooks 

With QuickBooks Online, you enjoy immediate access to the latest version of the software. Contrary to this, with QuickBooks Desktop you have to purchase the upgraded version of QuickBooks Desktop 2024 software to enjoy new features and benefits.

It provides Seamless Integration with Third-Party Apps

QuickBooks Online allows you to easily connect to 300+ cloud-based apps that can automate various aspects of accounting to help you save time and money. For example, Transaction Pro – a simple, yet powerful application that imports your transactions from Excel or text files to QuickBooks Online; Bill.com – a business payment system that automates your payment process and syncs it with QuickBooks; Fundbox – the fastest and easiest way to get advances on your outstanding invoices.

 

FAQ's

Can QuickBooks Desktop be migrated to QuickBooks Online?

Yes, it is possible to convert from QuickBooks Desktop to QuickBooks Online.

  • Select Export Company File to QuickBooks Online under Company after going there.
  • Then you have to select to begin your export. 
  • Log in to your QuickBooks Online firm as the administrator. 
  • Now you have to select Choose the online company, then select the QuickBooks Online company that your company file should replace.

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